Semiconductor Laser Market Size to Reach USD 14.58 Billion in 2030 | Rapid Expansion of the Fiber Laser Market is One of the Key Factors Driving Industry Demand, Says Emergen Research - Seite 2

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Current Trends and Innovations:

Increasing sale of smartphones is boosting revenue growth of the global semiconductor laser market. Sales of smartphones have increased significantly, due to the rising trend of e-commerce and increasing subscriptions in social media and other platforms. The use of Three Dimensional (3D) sensing and integration of Organic Light-emitting Diode (OLED) technology in smartphones is increasing significantly, which is expected to drive revenue growth of the global semiconductor laser market during the forecast period. In addition, ongoing research & development of more effective semiconductor lasers is resulting in the creation of additional potential for the market.

Geographical Outlook:

Asia-Pacific is expected to account for a larger revenue share among other regional markets and register the fastest growth rate during the forecast period, owing to increasing government investments and initiatives. In addition, rapid expansion of the communications industry in China, India, Japan, and South Korea is expected to boost semiconductor laser market revenue growth in Asia-Pacific during the forecast period.

Strategic Initiatives:

Major companies profiled in the global market report include Sharp Corporation, Coherent Inc., Panasonic Corp., ASML Holding N.V., Han's Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Osram Licht AG, Rohm Company Limited, Sumitomo Electric Industries Ltd., TRUMPF GmbH + Co. KG, nLIGHT, Inc., and Jenoptik AG.

·  In February 2022, TRUMPF GmbH + Co. KG bought an 80% ownership in Active Fiber Systems GmbH (AFS), a company based in Germany. AFS develops and manufactures ultrashort-pulse laser systems and fiber laser systems used primarily in science and research. In addition to basic research, AFS laser system helps application areas, such as the creation of extremely short-wavelength light with strong coherence, materials processing, and biomedical imaging.

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Emergen Research has segmented the global semiconductor laser market on the basis of type, application, and region: